Students of class 11 Economics should refer to MCQ Questions Class 11 Economics Indian Economy 1950 – 1990 with answers provided here which is an important chapter in Class 11 Economics NCERT textbook. These MCQ for Class 11 Economics with Answers have been prepared based on the latest CBSE and NCERT syllabus and examination guidelines for Class 11 Economics. The following MCQs can help you to practice and get better marks in the upcoming class 11 Economics examination

Chapter 2 Indian Economy 1950 – 1990 MCQ with Answers Class 11 Economics

MCQ Questions Class 11 Economics Indian Economy 1950 – 1990 provided below have been prepared by expert teachers of grade 11. These objective questions with solutions are expected to come in the upcoming Standard 11 examinations. Learn the below provided MCQ questions to get better marks in examinations.

Question. The GDP of a country is not derived from the following sectors of the economy, namely
a) Service sector
b) Primary sector
c) Foreign sector
d) Secondary sector

Question. Small scale industries was given protection by the government due to
a) They cannot compete with large industries
b) They are more suitable in rural development
c) Both A and B
d) To keep a check on private Sector

Question. An ______________ is a system of production and exchange of goods and services.
a) Economy
b) Economic
c) Eco System
d) Environment

Question. Self-reliance means avoiding:
a) Exports
b) Imports
c) Both (a) and (b)
d) None of the above

Question. Under which system the goods are disturbed among people not on the basis of what people need but on the basis of purchasing power?
a) Capitalistic system
b) Socialistic system
c) Mixed system
d) Dual system

Question. The share of agriculture in India’s GDP has _______ over the years.
a) Remained constant
b) Decreased
c) Increased
d) First decreased and then increased

Question. The First Five Year Plan was based on :
a) DAGMAR Model
b) Harod-Domar Model
c) 20 Point Model
d) Fountain Model

Question. The central problems of an economy are :
a) What to produce
b) How to produce
c) For whom to produce
d) All of these

Question. Import substitution refers to a policy of substitution of imports by ________ production.
a) Domestic
b) Foreign
c) State
d) District

Question. Which of the following is not true for small scale industries?
a) SSI labour intensive and therefore, employment oriented.
b) SSI needs small investment and is therefore, equity oriented
c) SSI is capital intensive and therefore, increases productivity
d) SSI shows locational flexibility and is therefore, equality oriented

Question. The concept of Five Year Planning is outsourced from :
a) Russia
b) USA
c) Brazil
d) Mexico

Question. A good indicator of growth is steady increase in the
a) Gross domestic product
b) Net domestic product
c) Population
d) National income

Question. Who is known as the architect of ‘Indian Planning’?
a) Jawaharlal Nehru
b) DR. BR Ambedkar
c) PC Mahalanobis
d) Sardar Vallabh bhai Patel

Question. __________ implies use of advanced technology.
a) Modernisation
b) Globalisation
c) Privatisation
d) Planning

Question. Effect of industrial policy 1956 on industries was
a) Industries started to get diversified
b) India become self-sufficient in industrial goods
c) Industries share fall in GDP during 1991
d) Only A and B

Question. Importance to self-reliance was given up till which five year plan
a) First 6 years plan
b) First 5 years plan
c) First 7 year plan
d) First 8 years plan

Question. Before Green revolution introduced during the planning process india was at the mercy of this country for meeting nation’s food requirements
a) America
b) China
c) British
d) Russia

Question. __________ refers to an arrangement by which central problems of an economy are solved.
a) Economic system
b) Mixed economy
c) Modernisation
d) Socialist economy

Question. Modernization means
a) Increase the production of goods and services by adopt new technology.
b) Avoiding imports of those goods which could be produced in India itself
c) Recognition the women should have the same rights as men.
d) Both (a) and (c)

Question. Maximum limit to start small scale in present scenario is
a) 5 lakh
b) 50 lakh
c) 1 crore
d) 5 crore

Question. The economic system adopted in India is ___________.
a) Mixed
b) Capitalist
c) Socialist
d) Both (a) and (c)

Question. Green revolution introduced during the planning process was restricted mainly to:
a) Wheat and rice
b) Cereals and pulses
c) Cotton and jute
d) Jowar and bajra

Question. Marketed surplus refers to the
a) Portion of agricultural produce which is sold in the market by the farmers
b) Portion of agricultural product which is sold by the government in the market
c) Earning of the farmers which is left with the farmers
d) Portion of agricultural product which is left with the farmer after selling in the market

Question. Schedule A comprises of industries which would be exclusively owned by __________.
a) Government
b) Private Sector
c) Both (a) and (b)
d) None of these

Question. Inward looking trade strategy is also known as a policy of ___________.
a) Import relaxation
b) Import substitution
c) Import promotion
d) None of these

Question. Industrial Policy Resolution of 1956 to classify the industries in category was adopted to
a) To promote regional equality
b) To protect the domestic industry
c) To increase the role of public sector
d) All of the above

Question. License to expand production under industrial policy was given was given only
a) When government is convinced that it can earn huge taxes
b) When the industry can earn handsome foreign exchange
c) When government was convinced that the economy required a larger quantity of goods
d) To reduce the role of public sector

Question. From the following which is not the goals of planning India :
a) Growth
b) Correcting BOP
c) Self-reliance
d) None of the above

Question. Self-reliance is does not include
a) To reduce our dependence on foreign countries, especially for food
b) To reduce our dependence on foreign countries, especially for defense items
c) Avoiding imports of those goods which could be produced in India itself
d) To reduce the foreign interference in our policies

We hope the above multiple choice questions for Class 11 Economics for Chapter 2 Indian Economy 1950 – 1990 We hope the above multiple choice questions for Class 11 Economics for Chapter 2 Indian Economy 1950 – 1990 provided above with answers based on the latest syllabus and examination guidelines issued by CBSE, NCERT and KVS are really useful for you. Indian Economy 1950 – 1990 is an important chapter in Class 11 as it provides very strong understanding about this topic. Students should go through the answers provided for the MCQs after they have themselves solved the questions. All MCQs have been provided with four options for the students to solve. These questions are really useful for benefit of class 11 students. Please go through these and let us know if you have any feedback in the comments section.